TRI-COUNTY ECONOMIC DEVELOPMENT AL… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

AMIEE SCHOENHAAR

Phone

8152977361

Tax Period

2025-01-01 to 2025-12-31

TRI-COUNTY ECONOMIC DEVELOPMENT ALLIANCE, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $254K in total revenue in fiscal year 2025. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

TCEDAS MISSION IS TO SIGINFICANTLY ENHANCE ECONOMIC DEVELOPMENT PROGRESS IN NORTHWEST ILLINOIS AND BEYOND, AS ULTIMATELY BY JOB CREATION.

Program Service Accomplishments

Program 1

Expenses: $100,615

TCEDA WORKS WITH BUSINESSES CONSIDERING MOVING OPERATIONS FORM NORTHWEST ILLINOIS TO OTHER LOCATIONS. SERVICES INCLUDE COORDINATION OF SUPPORT WITH UPGRADES OR RELOCATION WITHIN THE AREAS WELL AS...

TCEDA WORKS WITH BUSINESSES CONSIDERING MOVING OPERATIONS FORM NORTHWEST ILLINOIS TO OTHER LOCATIONS. SERVICES INCLUDE COORDINATION OF SUPPORT WITH UPGRADES OR RELOCATION WITHIN THE AREAS WELL AS RESEARCHING OUTSIDE ASSISTANCE OPTIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $214,450

Program Service Revenue $34,500

Investment Income $5,023

Other Revenue $0

TOTAL REVENUE $253,973

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $27,990

Fundraising Expenses $0

Program Expenses $100,615

Other Expenses $219,321

TOTAL EXPENSES $252,311

Year-over-Year Comparison

	2025	2024	Change
Revenue	$253,973	$181,740	+0.4%
Expenses	$252,311	$207,950	+0.2%
Net Income	$1,662	$-26,210	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINA KUBERSKI	DIRECTOR	000.02	Director	$0	$0	$0
MIKE CASPER	DIRECTOR	000.02	Director	$0	$0	$0
WILLIAM JAHNKE	PRESIDENT	002.00	Director	$0	$0	$0
JOSEPH MATTINGLY	VICE PRESIDENT	001.00	Director	$0	$0	$0
AMIEE SCHOENHAAR	TREASURER	004.00	Director	$0	$0	$0
AMY BAKER	SECRETARY	002.00	Director	$0	$0	$0
DIANE GALLAGHER	DIRECTOR	000.02	Director	$0	$0	$0
CHELSEA BEYER	DIRECTOR	000.02	Director	$0	$0	$0
GAVIN DOYLE	DIRECTOR	000.02	Director	$0	$0	$0
PATRICK POWASER	DIRECTOR	000.02	Director	$0	$0	$0
SUSAN JACOBS	DIRECTOR	000.02	Director	$0	$0	$0
MATTHEW OLDENBURG	DIRECTOR	000.02	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$253,973	$252,311	$168,076	$1,662
2024	$181,740	$207,950	$190,779	$-26,210
2023	$195,597	$173,141	$191,989	$22,456
2022	$171,131	$150,656	$169,533	$20,475
2021	$193,809	$162,396	$149,058	$31,413
2020	$165,846	$144,293	$119,320	$21,553
2019	$209,878	$247,510	$96,321	$-37,632
2018	$235,451	$239,107	$135,206	$-3,656

TRI-COUNTY ECONOMIC DEVELOPMENT ALLIANCE